Musk says Saudi fund expressed support for taking Tesla private
Musk last week shocked investors with his announcement on Twitter to take Tesla private for $72 billion, but provided no details on funding except that it was "secured".
- Country:
- Saudi Arabia
- United States
Tesla Inc Chief Executive Officer Elon Musk said the Saudi Arabian sovereign wealth fund has expressed support for funding a deal that could take the electric car maker private.
Musk last week shocked investors with his announcement on Twitter to take Tesla private for $72 billion, but provided no details on funding except that it was "secured".
"Going back almost two years, the Saudi Arabian sovereign wealth fund has approached me multiple times about taking Tesla private," Musk wrote in a blog.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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